Economy Help

#1
Volsguy12

Volsguy12

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Jan 19, 2005
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#1
I thought this could be a win-win for everyone. I need some help answering some questions for economy, and this might bring some strong discussion.

It is the responsibility of the government to promote and insure economic stability and full employment.

How should government accomplish this goal? Is the government getting too big during this current economic crisis? Are the recommended programs and spending appropriate and needed?
 
#3
#3
not a paper, just a discussion I have to have. thought I could get some ideas about what to talk about.
 
#4
#4
Read up on the keynesian school of thought for arguments for goverment involvement in government stabalization and monetary policy. Then check out the Austrian school of thought for a contrary view.
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#8
#8
IPorange said:
Learn to be more sly when trying to get people to do work for you.
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I'm honestly not trying to get someone to do my work for me. I just thought this could be a way to give me a few ideas and for people to have nice, healthy discussion. If i wanted someone to do it for me, I would say hey, I'll pay you to do this for me.
 
#9
#9
Study as many mid-20th century or 18th century economists and philosophers as you can. Then realize none of them envisioned youtube or markets trading as fast as these do such that many of the assumptions they made about human behavior, or market behavior, are crap.
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#10
#10
What about stock exchange? Would that be something I could talk about with promoting a strong stable economy?
 
#11
#11
lawgator1 said:
Study as many mid-20th century or 18th century economists and philosophers as you can. Then realize none of them envisioned youtube or markets trading as fast as these do such that many of the assumptions they made about human behavior, or market behavior, are crap.
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Click to expand...

To which assumptions are you referring? I don't see how youtube or stock market trading could be seen as negatively impacting assumptions of traditional economics. On the contrary, the overflow of information that has resulted from the internet age has really negated one of the biggest criticisms of free market economics. A free market economy relies on informed buyers and sellers. In the past, markets were attacked because opponents argued people didn't have access to information. Now, information is the most accessible it has been in history.
 
#12
#12
paul1454 said:
A free market economy relies on informed buyers and sellers. In the past, markets were attacked because opponents argued people didn't have access to information. Now, information is the most accessible it has been in history.
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...and there's a lot more crap to cut through as a result. I think it cuts both ways. The amount of information has risen but perhaps so has the cost the obtain "good" information.
 
#13
#13
paul1454 said:
To which assumptions are you referring? I don't see how youtube or stock market trading could be seen as negatively impacting assumptions of traditional economics. On the contrary, the overflow of information that has resulted from the internet age has really negated one of the biggest criticisms of free market economics. A free market economy relies on informed buyers and sellers. In the past, markets were attacked because opponents argued people didn't have access to information. Now, information is the most accessible it has been in history.
Click to expand...

Uh, you're talking to LG, who wouldn't know the Laffer curve from Barry Zito's.

When a brother doesn't know a diff eq from a rear diff, don't bother.
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#14
#14
Volsguy12 said:
What about stock exchange? Would that be something I could talk about with promoting a strong stable economy?
Click to expand...

a strong stock market can become a self fufilling prophecy. i.e. it goes up so people feel better about themselves, have more money, buy more things, hire more peopel and that helps the economy recover. the free money by the fed and momentum are why the market has rallied to this point. economic fundamentals haven't been relavant.
 
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